SimplyConnect: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SimplyConnect
Largest movements
- Receivables within one year -€12,367
down €12,367 (-28.4%), from €43,564 to €31,197
of which Trade receivables: -€18,085
- Tangible fixed assets -€7,488
down €7,488 (-28.7%), from €26,049 to €18,562
of which Furniture and vehicles: -€8,067
- Cash +€3,773
up €3,773 (+30.5%), from €12,368 to €16,140
mainly Receivables within one year (+€12,367) and Depreciation (+€10,837)
- Debts after one year -€6,748
down €6,748 (-51.4%), from €13,130 to €6,382
- Profit (loss) carried forward -€5,061
down €5,061 (-52.3%), from €9,682 to €4,621
- Accrued charges and deferred income -€3,000
no longer reported in 2024 (was €3,000)
- Trade debts -€1,211
down €1,211 (-33.1%), from €3,660 to €2,449
- Gross operating margin -€4,321
down €4,321 (-36.5%), from €11,848 to €7,528
- Depreciation +€740
up €740 (+7.3%), from €10,097 to €10,837
- Taxes -€736
down €736 (-48.3%), from €1,524 to €788
- Other operating charges -€307
down €307 (-32.0%), from €958 to €651
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,781 | €66,699 | -€16,082 | -19.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €26,849 | €19,362 | -€7,488 | -27.9% |
| Tangible fixed assets | 22/27 | €26,049 | €18,562 | -€7,488 | -28.7% |
| Plant, machinery and equipment | 23 | €3,047 | €4,985 | +€1,937 | +63.6% |
| Furniture and vehicles | 24 | €15,139 | €7,072 | -€8,067 | -53.3% |
| Other tangible fixed assets | 26 | €7,863 | €6,505 | -€1,358 | -17.3% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €55,932 | €47,337 | -€8,595 | -15.4% |
| Amounts receivable within one year | 40/41 | €43,564 | €31,197 | -€12,367 | -28.4% |
| Trade receivables | 40 | €24,185 | €6,100 | -€18,085 | -74.8% |
| Other amounts receivable | 41 | €19,379 | €25,097 | +€5,717 | +29.5% |
| Cash at bank and in hand | 54/58 | €12,368 | €16,140 | +€3,773 | +30.5% |
| Total equity and liabilities | 10/49 | €82,781 | €66,699 | -€16,082 | -19.4% |
| Equity | 10/15 | €45,797 | €40,736 | -€5,061 | -11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,915 | €29,915 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,055 | €28,055 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,682 | €4,621 | -€5,061 | -52.3% |
| Amounts payable | 17/49 | €36,984 | €25,963 | -€11,021 | -29.8% |
| Amounts payable after more than one year | 17 | €13,130 | €6,382 | -€6,748 | -51.4% |
| Financial debts | 170/4 | €13,130 | €6,382 | -€6,748 | -51.4% |
| Amounts payable within one year | 42/48 | €20,854 | €19,581 | -€1,273 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €6,531 | €6,748 | +€217 | +3.3% |
| Trade debts | 44 | €3,660 | €2,449 | -€1,211 | -33.1% |
| Suppliers | 440/4 | €3,660 | €2,449 | -€1,211 | -33.1% |
| Taxes, remuneration and social security | 45 | €10,664 | €10,384 | -€280 | -2.6% |
| Taxes | 450/3 | €10,664 | €10,384 | -€280 | -2.6% |
| Remuneration and social security | 454/9 | - | €0 | +€0 | |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,097 | €10,837 | +€740 | +7.3% |
| Other operating charges | 640/8 | €958 | €651 | -€307 | -32.0% |
| Gross operating margin | 9900 | €11,848 | €7,528 | -€4,321 | -36.5% |
| Operating profit (loss) | 9901 | €794 | -€3,960 | -€4,754 | |
| Financial income | 75/76B | €584 | €687 | +€103 | +17.7% |
| Recurring financial income | 75 | €584 | €687 | +€103 | +17.7% |
| Financial charges | 65/66B | €914 | €1,000 | +€86 | +9.4% |
| Recurring financial charges | 65 | €914 | €1,000 | +€86 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €463 | -€4,273 | -€4,737 | |
| Income taxes | 67/77 | €1,524 | €788 | -€736 | -48.3% |
| Profit (loss) for the period | 9904 | -€1,060 | -€5,061 | -€4,001 | -377% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,060 | -€5,061 | -€4,001 | -377% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.